It's hard to think of Verizon as an underdog, but its VoIP services are still hardly a blip on the industry's radar. That may change, though, thanks to some aggressive price-cutting efforts.
Verizon last week lowered the price of its VoiceWing VoIP package by $10 to $24.95, undercutting Vonage slightly just as Vonage is within weeks of an IPO.
Furthermore, Verizon's activation is free; Vonage charges about $30. BusinessWeek reports that Vonage, like most dot-com startups, is emphasizing growth over profitability; it lost $261.3 million on $269.2 million in sales. But it also notes that Verizon has lost 9 percent (3 million) of its residential lines in the last year alone while Vonage picked up 325,000 subscribers.
Analysts, who expect other VoIP vendors to follow Verizon's lead, estimate that VoiceWing has 50,000 customers to Vonage's 1.5 million.
For more telecom news go to: Telecommunicate.
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